State Street Corp boosted its stake in shares of AMTEK, Inc. (NYSE:AME) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,581,722 shares of the technology company’s stock after buying an additional 10,567 shares during the period. State Street Corp’s holdings in AMTEK were worth $518,186,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of AMTEK by 2.3% in the first quarter. Vanguard Group Inc. now owns 21,889,853 shares of the technology company’s stock valued at $1,183,804,000 after buying an additional 484,592 shares in the last quarter. FMR LLC increased its stake in shares of AMTEK by 3.4% in the first quarter. FMR LLC now owns 21,688,705 shares of the technology company’s stock valued at $1,172,925,000 after buying an additional 717,489 shares in the last quarter. BlackRock Inc. increased its stake in shares of AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after buying an additional 13,392,716 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock valued at $569,372,000 after buying an additional 868,895 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of AMTEK by 2.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,743,890 shares of the technology company’s stock valued at $256,549,000 after buying an additional 107,817 shares in the last quarter. 89.87% of the stock is currently owned by institutional investors and hedge funds.
AMTEK, Inc. (NYSE AME) traded up 0.38% on Thursday, hitting $60.74. 634,239 shares of the stock were exchanged. AMTEK, Inc. has a 52-week low of $43.28 and a 52-week high of $62.89. The stock’s 50 day moving average price is $60.87 and its 200 day moving average price is $54.73. The firm has a market cap of $13.98 billion, a PE ratio of 27.37 and a beta of 1.29.
AMTEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $961.36 million. AMTEK had a net margin of 13.24% and a return on equity of 16.20%. AMTEK’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Equities research analysts forecast that AMTEK, Inc. will post $2.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.36 annualized dividend and a yield of 0.59%. AMTEK’s dividend payout ratio (DPR) is currently 16.22%.
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Several equities research analysts have recently weighed in on AME shares. Stifel Nicolaus reissued a “buy” rating and issued a $69.00 target price (up previously from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, April 25th. BMO Capital Markets reissued a “buy” rating and issued a $65.00 target price on shares of AMTEK in a research note on Monday, March 27th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price (up previously from $63.00) on shares of AMTEK in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $67.00 target price on shares of AMTEK in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. AMTEK has a consensus rating of “Buy” and an average price target of $62.90.
In related news, Director James R. Malone sold 1,190 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $59.65, for a total value of $70,983.50. Following the sale, the director now directly owns 4,300 shares in the company, valued at approximately $256,495. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timothy N. Jones sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $54.20, for a total transaction of $542,000.00. Following the completion of the sale, the insider now owns 44,139 shares in the company, valued at $2,392,333.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,956 shares of company stock worth $5,675,440. 2.10% of the stock is owned by insiders.
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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